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Jpmorgan Chase Bullish Moving Average Crossover Alert (JPM)

By James Quinn

Today, shares of Jpmorgan Chase (NYSE:JPM) have crossed bullishly above their 10-day moving average of $91.73 on a volume of 4.3 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Jpmorgan Chase have traded between a low of $57.05 and a high of $94.51 and are now at $92.41, which is 62% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.2%.

SmarTrend recommended that subscribers consider buying shares of Jpmorgan Chase on June 12th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $87.01. Since that recommendation, shares of Jpmorgan Chase have risen 4.9%. We continue to monitor JPM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses JPMorgan Chase

Ticker(s): JPM